https://www.taxtmi.com/caselaws?id=187312 The Tribunal held that the penalty imposed under Sec. 158BFA for undisclosed income during the Block Period was unjustified. The assessing officer failed to provide conclusive evidence of concealment or inaccurate particulars by the assessee, leading to the deletion of the penalty. The Tribunal emphasized the need for concrete evidence before levying penalties under such provisions. en-us Fri, 29 Oct 2010 00:00:00 +0530 Tue, 18 Oct 2016 11:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187312 The Tribunal held that the penalty imposed under Sec. 158BFA for undisclosed income during the Block Period was unjustified. The assessing officer failed to provide conclusive evidence of concealment or inaccurate particulars by the assessee, leading to the deletion of the penalty. The Tribunal emphasized the need for concrete evidence before levying penalties under such provisions. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187312